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Taneja Aerospace & Aviation gets High Court approval for scheme of arrangement

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Capital Market

On 24 July 2015

Taneja Aerospace & Aviation announced that Hon'ble High Court of judicature at Madras has sanctioned the Scheme of Arrangement between Taneja Aerospace and Aviation ('TAAL') and TAAL Enterprises ('TEL', a wholly owned subsidiary of the Company), for demerger of the charter business and investments in First Airways Inc. and TAAL Tech India (subsidiaries of the Company) into TEL.

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First Published: Jul 25 2015 | 10:51 AM IST

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